Home prices to rise 8% in 2018: Morgan Stanley

This tracks a 12% price decreased based on the last four years figures.

Residential property prices are foreseen to increase by at least 8 % in the coming year while property market is secured enough to stand alone without any support from Singapore government, said Morgan Stanley.

The residential development market is anticipated to improve as the property prices predicted to an increase of 2 % of the current year succeeding a 12% price decrease in the previous four years, grateful to the maintained wage progress.

Nevertheless, inventory levels declared the unsold 17,000 units hit the lowest record but calculated to go as more property development coming hopefully by the coming years.

Wilson Ng, an analyst is positive that new set will be sold fast because in a matter of 12 months there are about 12,000 units home purchases.

Vacancies are anticipated to have some better changes over near term while removing the excess housing supply after the demolition in units of en bloc condominium.

But Ng confirms that the improvements are somewhat untenable.

“Longer term, from the year 2021 onwards, we favor reasons drawing near term void improvement will mostly reverse. This along with efficient existing potential housing rules would probably restrict the extent of such property upcycle the next 4 years.”

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